Morgan Stanley Changes Compliance Officer Again, Taps Davis Polk

Morgan Stanley has hired its second chief compliance officer in as many years, and Davis Polk is losing the head of its Washington, D.C. office.

Raul Yanes, who had headed Davis Polk & Wardwell’s Washington D.C. office and its white collar practice, will replace Billy Fenrich at Morgan Stanley as chief compliance officer, starting in June. Fenrich, who is also a former Davis Polk partner, had only taken over the position in March 2016 and is leaving to join Greenwich-based hedge fund, AQR Capital. Reuters earlier reported the news.

Morgan Stanley has faced a number of compliance issues in recent years: In January, ...